BETTING KENYA Betway returns to Kenya after a 20% tax 4 years ago Iwo Bulski Post Views: 1,181 The Kenyan regulator has decided to reinstate Betway’s operator licence after the bookmaker had agreed to introduce a controversial 20% tax on sports betting winnings. Kenya’s Betting Control and Licensing Board (BCLB) announced the tax this week, and has since reinstated Betway’s licence after a month-long absence from then Kenyan market. Previously, the 20% tax was only applicable to the winnings for a sports bet, but under the BCLB’s new proposals, the tax will now apply to the stake placed. This controversial decision has led to legal battles and the revoking of the operating license for Betway and 26 other operators. The announcement that Betway would be allowed to operate in Kenya was announced on the bookmaker’s Twitter account. The operator has since specified that the tax would be implemented to ensure “full compliance” for current taxation rules and laws as confirmed in a separate statement. The BCLB had previously suspended the licences of 27 bookmakers, with the regulatory body detailing that it would not stop its strong-arm tactics until the Kenya Revenue Authority (KRA) had managed to recover billions in ‘contested’ industry taxes. In addition to this, the regulator had reached out to three of Kenya’s biggest mobile payment providers and requested that they stop processing payments for the 27 bookmakers. Sports betting operators have previously come under fire in Kenya amid claims of high gambling addiction rates in the African country. Source: sbcnews.co.uk About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Betway, Kenya, taxes Continue Reading Previous Gaming bans in Uganda and KenyaNext Kenya – Highway to Hell or On-Ramp to Digital Finance? More Stories BETTING NIGERIA No Plan To Ban Sports Betting In Nigeria — Lawmaker 2 days ago Samuel BETTING WORLD NEWS Sports betting regulations and licensing around the world 2 days ago Szarlot BETTING NIGERIA BetKing’s 6th Anniversary Marked by Epic Football Showcase 2 days ago Samuel EXPERTS KENYA Kenya Cracks Down On Crypto To Avoid Financial Blacklist 3 days ago Samuel ANGOLA BETTING Exploring the vibrant tapestry of sports betting in Angola 3 days ago Samuel BETTING UGANDA Fortebet Uganda: Revolutionizing the Betting Experience 3 days ago Szarlot EXPERTS KENYA Betting Board Launches Renewed Campaign On Illegal Gambling Dens 4 days ago Szarlot BETTING KENYA Betting Regulator Enforces Court Order Against Speed Dial Feature On Internet Browsers 4 days ago Samuel BETTING GHANA Sports betting operators support communities affected by dam spillage 4 days ago Samuel BETTING SOUTH AFRICA Understanding Correct Score Betting Meaning 4 days ago Szarlot BETTING NIGERIA The Rising Contribution of Online Betting to Nigeria’s GDP 7 days ago Samuel KENYA ONLINE Kenya To Introduce Cryptocurrency Regulation 7 days ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.